William Penn Life, 1998 (33. évfolyam, 1-12. szám)
1998-04-01 / 4. szám
Notice of Annual Meeting of the William Penn Fraternal Association Scholarship Foundation, Inc. The next annual meeting of the William Penn Fraternal Association Scholarship Foundation, Inc. will be held during the 55th Annual Bowling Tournament and Scholarship Days in Dayton, Ohio, May 22 to 24,1998. This year’s scholarship meeting will be held at the Crowne Plaza, Dayton, Ohio, on Friday, May 22, 1998, from 5:30 to 7:00 p.m. A cordial invitation is extended to you, your family and friends to attend our Bowling Tournament and Scholarship Days weekend and enjoy this fraternal activity. We kindly ask for your continued support of our scholarship fund. As is stated in the By-Laws of the Foundation, any branch or individual donating a minimum of $100.00 is eligible to vote at the Annual Meeting. It is our hope that all of our branches and members will continue to support the Scholarship Foundation that has been established by our Association for the purpose of providing our young members assistance in attaining a higher education. As a parent, I know that many of you share a concern that our children receive the best possible education so as to take their place in society. All of us realize how important it is that our youth possess marketable skills which a good education can provide. Please make your donations payable to “William Penn Fraternal Association Scholarship Foundation, Inc.” and send them to my attention so that I may report them at our Annual Meeting. All contributions, no matter what the amount, will be greatly appreciated. Over the years, we have given financial assistance to many of our young members who have gone on to excel in a variety of professions. We are proud to report that our Scholarship Foundation has an outstanding record of providing strong financial support in the form of scholarship grants. Since the inception of our scholarship program in 1972, a total of 2,482 grants worth $887,650.00 have been awarded to young members pursuing a higher education. Their successes-both as productive professionals and as adults of strong characterconvince us that our support of the Scholarship Foundation is just as important as the support we offer to our fraternal, cultural and heritage programs. By helping today’s youth, we are helping to better our society and our world. So, again, we ask our members and branches to join us in supporting our Scholarship Foundation. It benefits all of us. Your donations make a difference! Richard W.Toth, FLMI, FIC National Vice President-Secretary William Penn Fraternal Association Scholarship Foundation, Inc. Financial Statement as of December 31,1997 Balance as of December 31,1996 $505,034.39 INCOME Donations Bond Interest Interest - Checking Account Interest - PaineWebber Money Market Profit on Bond Redemptions Total Income Total DISBURSEMENTS Scholarship Grants 99 Renewals @ $500.00 $49,500.00 51 New @ $500.00 25,500.00 Total Grants Total Disbursements Balance as of December 31,1997 Assets Bonds Money Market Account - PaineWebber Checking Account - Mellon Bank Total Assets as of December 31, Diane M. Torma National Vice President-Treasurer $75,000.00-75,000.00 $491,743.71 $477,016.54 8,473.18 6,253.99 1997 $491,743.71 $26,604.13 33,825.77 107.96 1,137.46 34.00 61,709.32 $566,743.71 April 1998, William Penn Life, Page 3 William Penn Fraternal Association Scholarship Foundation, Inc. Eligibility Rules for 1998 Scholarship Grants Deadline for Applications is May 15,1998 The Board of Directors has established the following rules governing eligibility for scholarship recipients: a) The student applying for a scholarship grant must be a Life Benefit Member of the William Penn Association for three (3) years as of January 1 of the year for which application is made. A Life Benefit Member is one who is insured for Life or Endowment benefits. b) A parent or grandparent of the applicant must be a Life Benefit Member of the William Penn Association, or the student must be a child or grandchild of a deceased member. c) Scholarship grants are awarded to full-time undergraduate students only if they have been accepted by or are currently attending an accredited college, university or school of nursing. d) First-time applicants must submit, along with their application, a transcript of their high school scholastic record, and furnish a copy of their latest SAT/ACT scores. Proof of Enrollment for the upcoming school year must be submitted prior to the issue of the grant. e) Grants are awarded for a two- or four-year period. To be considered for scholarship grants in ensuing years, the student must notify the President of the Scholarship Foundation, by letter, postmarked no later than May 15, 1998, that he or she wishes to continue receiving the scholarship grant. f) Renewal applicants must submit, with their letter requesting renewal, Proof of Enrollment for the new term and a transcript of their scholastic record from the latest term. All renewal applicants must have maintained a minimum Grade Point Average of 2.0 on a 4.0 scale. The letter requesting renewal must be postmarked no later than May 15,1998, even if Proof of Enrollment and transcript are not available by that date. Such documents must be submitted as soon as possible. g) Since the awarding of scholarship grants is based in part on financial need of the applicant’s family, the parents of the applicant must file a Confidential Financial Statement on a form provided by the Scholarship Foundation and be willing to provide any and all other information which may be required. h) Applications for scholarship grants must be made on forms furnished by the Scholarship Foundation. All necessary forms may be obtained by writing to: President William Penn Fraternal Association Scholarship Foundation, Inc. 709 Brighton Road, Pittsburgh, PA 15233 i) All requests for an application and renewal letters must be submitted and signed by the student requesting the grant and mailed to the attention of the President. Letters submitted by a parent or guardian will not be considered. j) We suggest that the student’s application or renewal letter be sent to the President of the Scholarship Foundation via Certified Mail so that there is no question as to the mailing date or receipt of same at the Home Office. k) Scholarship grants will be awarded by the Executive Committee of the William Penn Fraternal Association Scholarship Foundation, Inc., once each year. Grants will be paid directly to the applicant provided he or she is a member in good standing on the date the checks are issued and all of the eligibility requirements stated herein have been met. l) An acknowledgement of the grant should be made by the recipient when received. If for any reason the recipient does not attend college after awarding of the grant, the grant must be returned to the President in its entirety. m) All applications and renewal letters must be postmarked no later than May 15,1998. Any applications or renewal letters postmarked after that date will not be considered. V If you cannot attend the Scholarship Foundation's Annual Meeting in Dayton, Ohio, but would like to make a donation to the Scholarship Foundation, please complete and mail the form below: CUT ALONG DOTTED LINE AND RETURN BOTTOM PORTION WILLIAM PENN FRATERNAL ASSOCIATION SCHOLARSHIP FOUNDATION, INC. YES, I want to help the Scholarship Foundation continue its efforts to assist young members of the Association seeking a higher education. Please accept my donation in the amount of: $____________________ Name:___________________________________________________________________________ Address:_________________________________________________________________________ City:________________________________________State:______________Zip:_____________ Phone:__________________________________________________________________________ Send completed form and your check made payable to “William Penn Fraternal Association Scholarship Foundation, Inc.” to: Richard W.Toth, FLMI, FIC William Penn Association, 709 Brighton Road, Pittsburgh, PA 15233
